GDN 0.00% 1.7¢ golden state resources limited

directors options, page-2

  1. 421 Posts.
    Yup...on or before 22nd May 2009 - 15,400,000 Unlisted Directors Options expire.

    These Options (before anyone asks) are exerciseable at 20 cents.

    Thats why I believe that a more indepth logging is being done prior drilling on.

    As has been mentioned...gas encounters have been close to double the Gas pay in feet in comparison to Para #1.

    With a more detailed logging with porosity...etc...this could drive the SP much higher.

    The SP being held around 14cents for so long is not natural, if it was a concerted sell....this puppy would tank under the weight. In my opinion, someone is shaking the tree.
 
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